ZSE gains $110 billion in January

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THE Zimbabwe Stock Exchange’s (ZSE) market capitalisation grew by $110 billion to $1,45 trillion in January as demand for stocks persisted amid high inflation.
It comes as analysts have said hedging is likely to remain the pace-setter on the local bourse this year, with inflation seen remaining “high”.
Annual inflation declined in January for the first time since August 2021 but remains high at 60,61 percent.

The market, which has rallied on inflation for over half a decade, gained 12 percent during the month, with the benchmark All Share Index closing at 12 079,74 points.